A trust only works if it is administered properly. Under New York law, trustees owe fiduciary duties to beneficiaries: loyalty, prudence, and impartiality. When those duties are breached, or when circumstances change and a trust needs to be modified, the legal questions get complicated quickly.
The guides below cover the practical side of trust management in New York: what trustees are required to do, how trust accountings work, supplemental needs trusts for disabled beneficiaries, and what happens when a trust needs to be updated or a trustee is not doing their job.
Trust Administration & Disputes in New York Articles
Medicaid Asset Protection Trusts in New York
How Westchester County families use irrevocable Medicaid asset protection trusts to preserve assets while planning for potential long-term care needs.
Revocable Living Trusts in New York
How revocable living trusts work under New York law, including the benefits, limitations, funding requirements, and when a trust makes sense for Westchester County families.
Supplemental Needs Trusts in New York: Protecting Benefits for Loved Ones with Disabilities
How New York supplemental needs trusts protect Medicaid and SSI eligibility while providing for individuals with disabilities in Westchester County.
Trust Decanting in New York: Modernizing Irrevocable Trusts Under EPTL 10-6.6
New York's trust decanting statute allows trustees to modify irrevocable trusts by distributing assets into new trusts with updated terms, a powerful tool for Westchester County families.
Trustee Duties and Responsibilities Under New York Law
Understanding trustee duties under New York law. EPTL 11-1.1 through 11-2.3, fiduciary duties, trust distributions, accounting requirements, and trustee removal.
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